Small Business Research Articles

Problems and prospects of digital development of small and medium-sized businesses in the Russian Federation and the Republic of Belarus

In the modern world of rapidly developing technologies, digitalization has become not just a trend, but a vital condition for the successful functioning of any business, regardless of its scale. In Russia, as in many other countries, digitalization processes have taken a leading position among development priorities. Today digitalization implies the active and widespread introduction of modern digital technologies, automation tools and innovative solutions in all areas of business, which means a transition from traditional, manual methods of work to automated processes based on digital data. Digitalization is of particular importance for the development of Russian small and medium-sized enterprises (SMEs). It is this segment of the economy that is the most dynamic, flexible and adaptable to changes in most developed countries of the world. The introduction of digital solutions in small and medium-sized businesses will improve their competitiveness, create new jobs, strengthen economic growth and make Russia more competitive at the global level. The article examines the results of a study of the state of small and medium-sized businesses in Russia and the Republic of Belarus, the degree of implementation of digital technologies in small and medium-sized businesses in the two countries. Based on the results of the comparative analysis, a conclusion was made about the positive dynamics of the development of both the SME sector as a whole and the level of its digitalization, the directions of digital development of small and medium-sized businesses in the Russian Federation and the Republic of Belarus were determined.

Microfinance as a tool for sustainable development of small and medium-sized businesses in Kyrgyzstan

The article explores the role of microfinance in the development of SMEs in Kyrgyzstan. The authors analyze the significance of this tool for the country's economy and offer practical recommendations for its use. The results of the study emphasize the importance of the potential of microfinance in the support and development of small and medium-sized businesses, contributing to the improvement of socio-economic indicators. At the same time, state support for the activities of SMEs, in particular ensuring access to financing, including microfinance, remains one of the most pressing problems of the Kyrgyz economy, requiring an integrated approach and careful attention from the authorities.

The state and prospects of development of insurance for small and medium-sized businesses in Russia

In modern conditions caused by the instability of the national economy, the role of small and medium-sized businesses (SMEs) in the country's economy is increasing many times. Insurance is a reliable tool for protecting entrepreneurs from risks and ensuring the sustainability of their business. The purpose of this article is to study the current problems and prospects for the development of SME insurance in the context of external economic sanctions and market volatility. The object of the study is the SME insurance system in Russia. Scientific work contributes to the theory of insurance, in particular, to substantiate the need for insurance in the development of entrepreneurship and its role for the country's economy. The results of the study can be used to develop measures of state support for SME insurance, as well as to improve insurance products aimed at entrepreneurs.

The moderating effect of ESG pressures on the relationship between the environmental management capabilities and the non-financial performance of Korean SMEs

Based on the resource-based view and institutional theory, this study investigates the impact of their environmental management capabilities and environmental, social, and governance (ESG) pressure on the non-financial performance of small and medium-sized enterprises (SMEs). In particular, it examines the interaction effect of ESG pressures on the relationship between SMEs’ environmental management capabilities and non-financial performance. For this study, a total of 1865 SME lists were obtained through Jeonnam Techno Park and Jeonnam Small Business Job and Economy Promotion Agency. Based on this, a total of 127 questionnaires were returned as a result of a telephone, e-mail, and online survey, and finally, an empirical analysis was conducted based on 120 questionnaires. We conducted an empirical analysis of Korean SMEs and obtained the following results: First, environmental management capabilities have a significant, positive effect on SMEs’ non-financial performance. Second, ESG pressure has a significant, negative effect on the non-financial performance of SMEs. Next, we analyzed the moderating effect of ESG pressures and observed that ESG pressures strengthen the positive effect of environmental management capabilities on non-financial performance. Based on the resource-based perspective and institutional theory, this study provides meaningful academic implications by examining environmental management capabilities and ESG pressures, which have not been identified in previous studies, as factors of non-financial performance that are becoming important under the new management paradigm, such as climate change and ESG. Furthermore, while ESG pressure has a significant negative effect on non-financial performance, we find that it is a moderating variable that strengthens the relationship between SMEs’ environmental management capabilities and non-financial performance, which has useful academic and practical implications for ESG and strategic management.

Measuring sustainable transformation of small and medium‐sized enterprises using management systems standards

AbstractSmall‐ and medium‐sized enterprises (SMEs) represent a significant number of industries in need of moving towards more sustainable development. A sustainability perspective on business activities is today crucial for SMEs to achieve a new level of competitiveness. Identifying which is a suitable set of sustainability indicators for an individual SME is a big challenge. The availability of so many methods and systems can leave SMEs reluctant to implement them in their small business. Therefore, this research aims to create a sustainability maturity model for SMEs to visualize goals and assess progress on their transformation journey. Progress is assessed by indicators, exemplified by indicators of the Global Reporting Initiative and the maturity is verified as stepwise growth along international management system standards. Using the developed model, it is possible to determine the SMEs' sustainability performance. The research has resulted in a stepwise classification of the organization's maturity is compiled into training and auditing material in different regions and sectors.

Total quality management practices among women shea processors: Implication for job performance and household expenditure

Total Quality Management (TQM) is a strategic framework for the continuous improvement of an organisation's practices to achieve overall performance. In the food industry, TQM practices remain inevitable as far as quality remains a benchmark for sustained competition and customer satisfaction. Small businesses like shea processing require continuous improvement, value addition and quality assurance to guarantee access to lucrative and international markets. This could be realised through TQM implementation. However, there is a dearth of studies on the relevance of TQM practices on the performance of shea processors in the literature particularly in the Ghanaian context. Therefore, this study explored TQM implementation and its impact on small-scale women shea processors which is rare in the literature but of utmost importance. Cross-sectional data were obtained from 120 shea processors using a multi-stage sampling. The Seemingly Unrelated regression and Structural Equation Modelling were used to analyse the data. The study revealed that socioeconomic characteristics (age, education, experience, off-farm job, paid labour), sources of shea nut characteristics (self-collect, value of shea nut collected/purchased) and sales outlet characteristics (big processors) had heterogenous effect on the implementation of various TQM practices. Positively, all the TQM practices had covariance relationships. Further, the implementation of TQM practices such as training and development, innovation and customer focus had diverse positive effects on the number of customers and workers employed, while the number of customers per production had a positive effect on the household expenditure of processors.

Prospects for transformation of distribution channels in wholesale small business trade in progress implementation of the International North — South Transport Corridor

Prospects for transformation of distribution channels in wholesale small business trade in progress implementation of the International North — South Transport Corridor

Efficiency of small business: the case of Nigeria

The concept of entrepreneurial orientation (EO) has been widely discussed through previous studies in entrepreneurship, so it can be considered as one of the main topics in this field, and the most commonly used measure of entrepreneurial behaviour. The main objectives of the study were to determine the effect of entrepreneurial orientation on small and medium sized enterprises and also to examine the effect of innovative performance on EO. The study population refers to selected SMEs that were registered with the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) in Ogun State, Nigeria. The primary data was generated through the field survey using structured questionnaire as a major research instrument. Taro Yamani scientific formula was adopted to determine the sample size. Correlation statistical analytical, Pearson Product Moment correlation Coefficient method and content validity method was applied. The study used Analysis of variance (ANOVA), correlation efficiency, and regression analysis for this study. The research found that there is a significant effect of entrepreneurial orientation on small and medium sized enterprises performance in Nigeria. Moreover, the results of the study indicated that EO affects innovative performance. The study recommends that small and medium sized enterprises should embrace the entrepreneurial orientation dimensions of autonomy, pro-activeness, risk taking, competitive aggressiveness and innovativeness to increase business performance and SMEs operators should adopt autonomy by encouraging employees to be autonomous and be free to take initiative for the best interest of the organization and use periodic appraisal to monitor them.

Micro and Small Business Growth Drivers in Nigeria: Evidence from Small Cities Small Federating State

This study involves a comprehensive survey of about 1500 micro and small businesses across three major cities in one of the smallest states in Nigeria (Ebonyi State). Based on the cross-sectional data generated, a linearized Tobit regression and a robust T-Test statistical technique are applied to comparatively examine how internal firm attributes, market attributes, and socioeconomic and macroeconomic conditions affect the growth of micro and small businesses in a typical small state and small cities. The results reveal a key challenge to be the dominance of the business space in small cities by micro and largely informal enterprises.

Evaluasi Kepatuhan Pelaku Usaha Petis Ikan HSN terhadap Sistem Jaminan Produk Halal (SJPH) di Konang Galis Kabupaten Pamekasan

In Pamekasan, many small and medium businesses have received halal certificates, but still have difficulty implementing SJPH in a sustainable manner. Many business actors do not fully understand that halal certification is not just a symbol, but is a system that needs to be implemented continuously and monitored closely. They often focus on the administrative aspects of certification, and ignore the importance of practice in daily activities. This research aims to determine the efforts of HSN fish paste business actors UMK in Pamekasan Regency in ensuring compliance with SJPH and evaluating compliance with SJPH implementation. The research method used is a descriptive qualitative research method, where the process of searching for data is through observation, interviews and documentation techniques. This method was chosen so that the research data is in-depth and comprehensive regarding the evaluation of HSN fish paste business actors' compliance with the Halal Product Guarantee System (SJPH). This research involved 4 fish paste business actors. The findings of this research show that HSN fish paste business actors are trying hard to implement SJPH, even though there are obstacles that hinder its effectiveness. However, there are weaknesses in supervision, internal auditing, and employee training. There needs to be more structured action to achieve optimal SJPH compliance and strengthen consumer trust.

Investigating Small Business Entrepreneurship and Sustainable Development in Onitsha, Anambra State, Nigeria

The study examined the relationship between small business entrepreneurship and sustainable development in Onitsha, Anambra State, Nigeria. The study was anchored on Resource-Based View (RBV) theory, by Jay Barney in 1991. A random sampling probability technique was used. The population of the study consisted of 260 registered small businesses in Onitsha. Krejcie and Morgan's table was used to obtain a sample size of 155. Hypotheses were tested using the Pearson Product Moment Correlation Coefficient with the aid of Statistical Package for Social Sciences (SPSS, version 27). Hypothesis one indicated that there is a significant positive relationship between creativity and social equity of small businesses in Onitsha, Anambra State, with r = 0.912, n = 155, and p-value of 0.037 (p<0.05). Hypothesis two revealed that there is a positive significant correlation between response to opportunities and environmental protection of small businesses in Onitsha, Anambra State, with r = 0.758, n = 155, and p-value of 0.022 (p<0.05). The study concluded that there is a positive and statistically significant relationship between small business entrepreneurship and sustainable development in Onitsha, Anambra State, Nigeria. The study recommended that the Anambra State Government needs to promote creative initiatives in Onitsha to advance social equity and community development. The Nigerian government needs to encourage entrepreneurship and innovation among small businesses to enhance environmental protection and sustainable development in the country.

The impact of the entrepreneur’s profile on the entrepreneurial failure of Moroccan very small business

This article addresses a crucial and timely question: What are the critical factors in the entrepreneur’s profile that contribute to the failure of small Moroccan companies? To answer this question, this study seeks to meticulously analyze the failed entrepreneur's profile characteristics, drawing upon a myriad of previous academic studies. The present study study is based on data from a 2022 survey, which achieved a response rate of approximately 40%. The study utilizes a logistic regression model to test our hypothesis. Of significant importance are the findings of this study which reveal that an entrepreneur is more likely to witness company failure if he is a man under 35, driven by the need for income, and has established a SARL business.

Economic Shifts and Cultural Transitions: Unraveling the Complexities of Gentrification in Urban Landscapes with the Case of SoHo in New York City

With the continuously changing urban landscape since the early 20th century, influenced by various economic and social factors, this paper investigates the impact of urban gentrification on diverse community groups, especially in metropolises. Examining housing, economic, and cultural dimensions, the study explores the challenges and opportunities within dynamic urban landscapes. Focused on SoHo, New York City (NYC), once an artistic haven, the research employs the lens of gentrification to analyze disparities in housing accessibility and cultural preservation. Additionally, it assesses the economic implications of sustainability initiatives on various socioeconomic strata, unraveling their influence on urban community fabric. Through a concise exploration, the study contributes nuanced insights into the complexities of gentrification and sustainable urban development, given the impact on the original artistic community, long-time residents, and small businesses that have faced challenges or displacement in the wake of rising property values, using SoHo as a case study to deepen our understanding of economic shifts and cultural transitions in urban landscapes.

Navigating in Turbulent Times: Using Social Media to Examine Small and family-Owned Business Topics and Sentiments during the COVID-19 Crisis

Navigating in Turbulent Times: Using Social Media to Examine Small and family-Owned Business Topics and Sentiments during the COVID-19 Crisis

The Role of the Ministry of Industry as the Main Stakeholder in the Development of IKM Centers in Indonesia

Small and medium industries (SMEs) are vital sectors in Indonesia's economy, with significant contributions to Gross Domestic Product (GDP) and job creation. The IKM Center, which groups small and medium-sized business units in one location, is expected to improve production efficiency and industrial competitiveness. However, many centers are experiencing problems in management and revitalization. This research aims to explore the role of the Ministry of Industry as the main stakeholder in the development of IKM Centers in Indonesia. Using a descriptive qualitative approach, this study examines the role of the Ministry of Industry as a regulator, facilitator, catalyst, investor, and strategic planner in developing SME Centers. The results of the study show that although the IKM Center has great potential, there are still challenges in policy implementation and management that require revitalization. The government is expected to continue to strengthen its role to support the sustainability and growth of the IKM Center in the long term

Hostile behavior of the manager

The article examines the problem of hostile behavior of the manager, which is especially relevant for small businesses. The main attention is paid to the reasons for such behavior, its consequences and ways to minimize it. Hostile behavior is often associated with improper management and ineff ective communication, which is what we discuss in this article. To solve this problem, the following measures are proposed: a detailed description of processes and tasks, demonstration of task completion, control and adjustment of employee work.

Evaluating Disability Rights Legislation: The Impact of the Americans with Disabilities Act on Social Equality in the United States

The Americans with Disabilities Act (ADA), enacted in 1990, set a milestone in protecting the civil rights of disabled Americans. This paper evaluates the impact of the ADA through its historical contexts, components, challenges in enforcement, and contributions of the ADA to the lives of the American people, including employment, equal access to education, public space and transportation. The ADA has successfully reduced barriers and fostered greater inclusion in society. However, its enforcement also faced many significant challenges, especially in rural areas and for small businesses due to limited economic conditions and lack of resources. Furthermore, the ADA places a significant focus on accommodating the need for physical abilities, which makes public society question whether the ADA can satisfy the needs of people with mental health and cognitive disabilities. Finally, the paper recommends regularly updating the ADA to integrate assistive technical supports. Continuous advocacy is required to enhance the position of the ADA as a legal tool for promoting equality and ensuring that all Americans can participate fully in their lives.

MARKETING PLANNING AT THE ESTABLISHMENT STAGE OF SMALL ENTERPRISES: PROBLEMS AND PROSPECTS

The article reveals the reasons for the turbulent and unstable external environment in Ukraine. The relevance of introducing marketing planning for small businesses in Ukraine at the stage of their formation substantiated. The key conditions for the development of small enterprises in pre-war Ukraine (2010, 2015, 2020) are identified. It turned out that the share of large enterprises in the overall structure of Ukrainian enterprises had a downward trend during the analyzed period. At the same time, the share of small and medium enterprises had a positive trend. During martial law, the Ukrainian economy suffered major losses. This led to a reduction in income in 70% of enterprises and a decline in the overall economic potential of the country. It has been established that during periods of instability, small businesses are able to adapt more quickly and develop in difficult conditions than large enterprises. It turned out that during the analyzed period (2022-2024), the number of small enterprises exceeds the indicator before the full-scale war, when more than 186 thousand new business entities opened during the same period. The problems of formation and development of small enterprises in Ukraine presented. The necessity of using marketing planning in the activities of small enterprises at the stage of their formation substantiated. The important functions of marketing planning presented. The place of marketing planning in the activities of small enterprises is determined. This proves that marketing planning in the activities of small enterprises at the beginning of their emergence is the result of a systematic, creative, but structured process. Typical recommendations for the course of marketing planning described. The immediacy and active participation of specialists in these processes shown. It has been proven that the use of marketing planning in the activities of small businesses at the stage of their formation will help to take into account the needs of target consumers as much as possible, effectively manage resources, promptly identify new opportunities and potential risks. In the conditions of the modern unstable market, it is advisable to take into account when forming tactical and strategic goals for the development of small businesses in Ukraine.

Innovative Approaches to Managing Working Capital Of Small Business Entities In The Conditions Of The Economy Of Uzbekistan

This article is dedicated to the study of innovative approaches to managing the working capital of small business entities in modern economic conditions. The article analyzes the main methods necessary for effective management of working capital, the importance of technological and financial innovations, social media, and digital marketing, as well as the problems associated with their implementation. Additionally, the article aims to identify the role of each innovative approach in maintaining the financial stability and competitiveness of businesses. The article provides strategic recommendations necessary for small businesses to operate effectively in modern conditions.

INNOVATIVE STRATEGIES OF THE EUROPEAN UNION FOR THE ECONOMIC RECOVERY OF POST-CONFLICT REGIONS: PROSPECTS OF IMPLEMENTATION IN UKRAINE

The purpose of this article is to research innovative strategies of the European Union, which are aimed at the economic recovery of post-conflict regions, as well as to determine the possibilities of their adaptation for use in Ukraine. The relevance of the study is due to the fact that after the full-scale invasion of Russia on the territory of Ukraine, Donetsk, Luhansk, Kherson, Zaporizhzhya, etc. oblasts were under the terror of the occupiers, which negatively affected their residents, infrastructure and development of these territories. Their restoration requires the use of new approaches, including the introduction of innovative technologies and tools. The European Union has a lot of experience in this area, and its strategies can be useful for Ukraine in terms of accelerating the reconstruction process and creating favorable conditions for economic growth. The methods of system analysis, comparative analysis and the case study method were used to achieve the research goal. The systematic analysis made it possible to study a set of economic, social and political factors that influence the recovery of post-conflict regions, and the comparative method helped to determine the most effective European strategies that can be adapted to Ukrainian realities. The case study method made it possible to analyze in depth successful examples of the application of innovative strategies in EU countries, such as Croatia, Bosnia and Herzegovina, which is of great importance for the development of recommendations for the implementation of similar approaches in Ukraine. The results of the study show that innovative strategies play an important role in the reconstruction of post-conflict regions. The European Union has developed a number of tools for the reconstruction of destroyed territories, among which investments in digital transformation, development of small and medium-sized businesses, infrastructure restoration and introduction of "green" technologies occupy an important place. In particular, the European Structural and Investment Funds provide financial support to rebuild infrastructure and stimulate economic growth in conflict-affected regions. The «Horizon Europe» program also contributes to the financing of scientific research and the development of technological innovations, which can be extremely useful for the recovery of Ukraine. The practical value of the article lies in the development of a recommendation on the adaptation of innovative EU strategies for the reconstruction of the de-occupied territories of Ukraine. The implementation of these strategies can not only contribute to economic growth, but also help create new jobs, restore infrastructure and increase the investment attractiveness of regions. In addition, the introduction of "green" technologies and digital transformation can contribute to the sustainable development and integration of Ukrainian territories into the European economic system. An important aspect is also the development of human capital through educational programs and vocational retraining, which will ensure long-term growth and social stability in regions devastated by military actions.